State of the market: the dollar is recovering on expectations of higher rates in the US

At the start of trading on Thursday, the US currency is trading with strengthening on the published FOMC meeting minutes. The Fed’s leadership continues to adhere to the policy of raising rates and does not discard the possibility of two increases this year. Also in the report, there are concerns about US foreign policy, which may affect the rate of inflation. The general mood of the Fed remains optimistic, despite Trump’s recent criticism of the strong US dollar.

The US dollar index since the start of the day was fixed above the level of 95.20 and tests resistance 95.50, indicating the formation of attempts to reverse the downward dynamics and the attempt of growth, which is limited to the level of 95.50.

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Hanzenko Anton

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